My top 10 things to watch Monday, July 28 1. President Donald Trump announced a trade pact with the European Union that included a pledge to invest $600 billion into the U.S. Not as big as thought. Tariff of 15% on most EU imports, though the 50% tariff on steel is still in place. 2. Wall Street is tracking for a modest gain this morning, the start of what’s going to be a jam-packed week . There’s a ton of influential earnings reports, including seven Club names, plus a Federal Reserve meeting, jobs and inflation data, and the Aug. 1 trade deadline. 3. Club name Honeywell’s price target was raised to $250 a share from $225 at Morgan Stanley. Analysts believe the headwinds at its crown jewel aerospace division will be transitory. I agree and made my case for Honeywell in my Sunday column for Club subscribers. 4. Big call: JPMorgan’s Matt Boss upgraded Nike to an overweight buy rating from neutral and took his price target to $93 from $64. Boss is seeing signs of momentum. Personally, I remain worried about competition and the potential for more layoffs. 5. Tesla inked a $16.5 billion deal with Samsung for the Korean electronics giant to produce its next-generation AI chip in Texas. This feels like competition to Club stock Nvidia , so shares should be down this morning, not up. 6. Club name Cisco was downgraded to a hold-equivalent rating from outperform at Evercore ISI. After the stock’s big run, analysts argued Cisco will struggle to expand its multiple without AI revenue disclosure. I believe Cisco’s in the sweet spot for AI. 7. Wolfe Research upgraded Texas Instruments to buy from hold as the chipmaker nears the end of its investment cycle. Although shares got crushed on earnings, last quarter wasn’t as bad as people thought. 8. Centene was downgraded to neutral from an overweight buy rating at Cantor Fitzgerald. This has been a brutal month for the stock after the insurer withdrew guidance in early July, but I think the worst is over. 9. UBS said Amazon is the “most-coiled” stock within its coverage and lifted its price target to $271 from $249. Amazon reports Thursday night alongside fellow Club stock Apple . Meta and Microsoft , which we also own for the Club, report Wednesday evening. 10. Citigroup raised its price target on Jacobs by nearly 13% to $166 and kept its buy rating on the engineering and construction stock. That’s a wise move as we could see a multiyear construction boom thanks to policy changes inside the “big beautiful bill.” Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
